414 Rathbun, Woonsocket, RI, 02895

Exceptional opportunity to acquire FIVE income-producing condominium units across TWO professionally managed buildings. This package includes a total of 11 bedrooms, 5 bathrooms, and FIVE separately deeded units. Currently generating $7,525 per month in rental income, the portfolio consists of 2 bedroom units, with all five units occupied, providing immediate upside through lease-up at current market rents. Monthly HOA fees are $220 per unit and include water, sewer, trash collection, master insurance, snow removal and landscaping, helping reduce ownership responsibilities and operating expenses. This unique portfolio offers immediate cash flow, strong rental demand, and future appreciation potential, making it an attractive opportunity for investors seeking scale through a single acquisition. Rarely does a package of this size become available in the Woonsocket market. The FIVE CONDOMINIUM units are located in two adjacent buildings on Rathbun Street. Two units are situated at 414 Rathbun Street, and three units are situated at 420 Rathbun Street. **Please note: Certain images have been virtually and digitally enhanced.**

Commercial Sale, Commercial/Business
$699,000
Location
City/TownWoonsocket
CountyProvidence
Interior
Living Area5,492 sq. ft.
HeatingBaseboard, Space Heater
CoolingWall Unit(s)
Additional Information
Tax Assessment$695,660
Listed By: Keller Williams Realty

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